Step by Step Guide on Building an Extension
Adding an extension to your home is an excellent way to avoid the stress and costs involved with moving. An extension will allow you to increase your living space and create your ideal home environment. Extending your property can also be a reliable way to boost your resale value and make your property more attractive to potential buyers if you decide to move. This makes home extensions an excellent option for growing families or homeowners who simply want to enhance the comfort and livability of their properties. That being said, planning a home extension can be a complex and lengthy process, and you must know what to expect. With that in mind, here is a step by step guide on building an extension.
Calculate your extension budget
The first step to planning your home extension is to calculate your available budget. The costs involved with a home extension can quickly add up and get out of control if you don’t manage your budget well. For that reason, you must carefully consider all potential expenses and make sure that you have the funds to support your project. According to experts at homeguide.com, a home extension typically costs between $22,500 and $74,000. However, this can be lower or
higher depending on the complexity and size of your project. Keep in mind that you may need to scale down your ideas and expectations to meet your available budget. Opting for an all-inclusive package can be a great way to manage your extension budget. For instance, Dependable Construction is a specialist building company that offers bespoke packages on house extensions. This gives you a clear overview of the total costs from the outset with no hidden costs. You can fund a home extension using personal savings or apply for a loan to cover the costs. If you do take out a loan, then make sure that you only borrow the amount you can afford and have a clear plan in place to clear the outstanding debt as quickly as possible.
Apply for a building permit
There are various building rules and regulations that you must comply with to ensure that your extension is legal. Whether or not you require a building permit will depend on multiple factors, including the size and location of your project. The building requirements vary between states, so make sure you research the rules in your local area and obtain a valid building permit (if necessary) before you start any work on your home. You should be aware that your neighbors may object to your extension and try to block your permit from being approved. It is always a good idea to inform your neighbors of any extension projects early. This will help you avoid disagreements or delays later in the process.
Check your home insurance policy
You should always inform your insurance providers if you are planning on extending your home. Your home insurance policy may be invalid while the work is being carried out, so you may need to apply for additional coverage. Your policy may also be invalidated if you fail to make your insurance providers aware of any changes to your property.